Tuesday, Oct 13, 07:42 GMT
EUROPEAN Trading Newsletter
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Forex Blogs
Tech Trading: EUR/GBP To resume uptrend by César B. Leiceaga
The upward breakout of the triangle mentioned on earlier posts has driven eur/gbp to fresh 2009 high's.(http://blogs.fxstreet.com/techtrading/2009/10/08/intraday−outlook/) Apparently, operators have held euro and weakened cable in order to rise the pair. Next stop lays at 0,94 psychological resistance and 0,9472 (76,40 % Fib from the whole drop 0,98 − 0,84).
The Disciplined Trader: AUD/USD entering overbought again by Pierre Charlebois
The Advisor Weblog: Eur/Usd consolidating by Valeria Bednarik
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Oct 13, 14:00 GMT
Type of Session: Webinar
Drilling down, Support and Resistance
Expert: Triffany Hammond
Start: Tue, Oct 13, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Oct 13, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Tue, Oct 13, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Oct 13, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Oct 13, 16:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN | |
Current Session: Europe
EURUSD failed to test the key support at 1.4649
ForexCycle.com − EURUSD failed to test the key support at 1.4649 and rebounded from 1.4672 level, suggesting that the pair is back to range trading between 1.4649 and 1.4816. Initial resistance is at 1.4816, a break above this level will indicate that the uptrend from 1.3748 (Jun 16 low) has resumed, then further rise is expected to 1.5000 area. On the down side, key support remains at 1.4649, below this level will indicate that a short term cycle top has been formed at 1.4816 level on 4−hour chart and the short term uptrend from 1.4484 has completed, then the following downtrend could take price to 1.4550 zone.
NZD/USD
Forex Technical Report − NZD USD Traders Await Retail Sales Report by ForexHound.com
Upside momentum slowed down in the NZD USD today as bullish traders took a breather ahead of tonight's New Zealand Retail Sales Report.
Gold
Forex Technical Report − U.S. Stocks Close Higher on Light Volume by ForexHound.com
December Gold remained strong. The weaker Dollar provided all of today's support. Some traders are reluctant to chase gold at current levels but ...
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
UK CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Oct 13 | 08:30 | Consumer Price Index (MoM) | 0.3% | 0.4% |
| Oct 13 | 08:30 | Consumer Price Index (YoY) | 1.3% | 1.6% |
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Cons. | Previous | |
| Oct 13 | 09:00 | ZEW Survey − Economic Sentiment | 58.8 | 57.7 |
EMU economic indicators - German ZEW economic sentiment (October): remaining stable at best by BHF−Bank
The German ZEW economic sentiment is likely to have remained stable at best in October. The ifo business expectations have improved, but the US ISM manufacturing index has deteriorated.
[ Full Story ]US RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 14 | 12:30 | Retail Sales (MoM) | -2.0% | -0.2% |
| Oct 14 | 12:30 | Retail Sales ex Autos (MoM) | 0.2% | -0.5% |
Friday Notes - Retail Sales: Payback time as cash for clunkers program ended by UniCredit Group
Following the expiration of the cash for clunkers program in late August, car sales plunged 35% in September. In addition, we expect a reversal of the sales increases in most other categories that occurred in August and are not sustainable in our view.
[ Full Story ]- US retail sales probably fell in September (Forex Live)
US FOMC MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 14 | 18:00 | FOMC Minutes | - | - |
Top Market Movers Review
Switzerland PRODUCER AND IMPORT PRICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 13 | 07:15 | Producer and Import Prices (MoM) | 0.2% | 0.0% | 0.1% |
| Oct 13 | 07:15 | Producer and Import Prices (YoY) | -4.9% | -5.0% | -5.5% |
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 12 | 23:50 | JP | Money Supply M2+CD (YoY) (Sep) | 3.0% | 2.9% | 2.8% |
| Oct 13 | 01:30 | AU | National Australia Bank's Business Conditions (Sep) | 3 | 4 | |
| 07:15 | CH | Producer and Import Prices (MoM) (Sep) | 0.2% | 0.0% | 0.1% | |
| 07:15 | CH | Producer and Import Prices (YoY) (Sep) | -4.9% | -5.0% | -5.5% | |
| 08:30 | UK | Consumer Price Index (MoM) (Sep) | 0.3% | 0.4% | ||
| 08:30 | UK | Consumer Price Index (YoY) (Sep) | 1.3% | 1.6% | ||
| 08:30 | UK | DCLG House Price Index (YoY) (Aug) | -8.3% | |||
| 08:30 | UK | Retail Price Index (MoM) (Sep) | 0.5% | |||
| 08:30 | UK | Retail Price Index (YoY) (Sep) | -1.5% | -1.3% | ||
| 09:00 | EMU | ZEW Survey − Economic Sentiment (Oct) | 61.3 | 59.6 | ||
Educational Resources
As I am writing, I am on an airplane cruising at 34,000 feet on my way home from Foolsville. This trip was such an experience, I could not wait to start writing and sharing it with you. I was there two days and really made the most of my time. In the end, I finally figured out something I have been wondering about for a long time. Read Sam Seiden's article
Related Resources
Foolsville, Part 1 by Sam Seiden
Components of a Personal Trading Plan by Don Dawson